Sites like CoinSpot
Our favourite crypto trading platforms like CoinSpot.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
CoinSpot is just one of many cryptocurrency exchanges available in Australia, which means you're spoilt for choice when it comes to choosing a local exchange.
It's a good idea to compare exchanges in order to find the right balance of features that suit you, such as AUD deposits, range of coins and trading features.
Check out our list below for a number of exchanges similar to CoinSpot and learn what sets them apart.
1. Swyftx
Swyftx
★★★★★
Finder Score
Finder Score
432
Supported cryptos
Supported cryptos
3
Fiat currencies
Fiat currencies
AUSTRAC-registered
Get $20 in BTC when you verify your account. T&Cs apply.
Swyftx is an Australia-based crypto exchange that features more than 310 assets, compared to over 390+ on CoinSpot.
In Finder's 2023 customer satisfaction awards it was the most recommended brand, with 90% of users saying they would recommend the platform, compared to 80% for Binance.
Anyone looking to move their assets over to Swyftx from CoinSpot or another exchange will be pleased to learn about Swyftx's new Portfolio Transfer tool.
It allows users to easily migrate any eligible assets over to Swyftx using API Keys. However, you will only be able to transfer the assets that are listed on Swyftx, which means not all of the assets on CoinSpot are eligible.
Swyftx has an easy-to-navigate and beginner-friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes. Once you've signed up and completed the KYC verification process, you're ready to start trading.
Pros
- Simplified dashboard &ndash
- quickly view your assets and their performance
- 310+ cryptos available to buy, sell and trade
- Demo account available &ndash
- test set-ups and strategies on the go
- Thousands of 5-star reviews on Trustpilot
- Australia-based customer support
Cons
- Limited range of order types
- Beginner-oriented UX
- No USD-denominated markets
- No earning or staking features
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | Bank transfer: $0 Card: Fees vary PayID: $0 Cryptocurrency: $0 |
| Withdrawal Fees | AUD: $0 Cryptocurrency: $0 (network fees apply) |
| Trading Fees | 0.1 – 0.6% |
2. Coinstash
Coinstash
★★★★★
Finder Score
Finder Score
1071
Supported cryptos
Supported cryptos
1
Fiat currency
Fiat currency
AUSTRAC-registered
Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
Coinstash offers a more extensive range of cryptos than any other Australia-based exchange. With over 1,000 coins and tokens available to trade, it offers vastly more assets than CoinSpot.
Cryptos are available for purchase via the platform's DeFi Connector, which allows traders to buy and sell popular high-cap cryptos and lesser-known altcoins. Once you've confirmed a purchase order, your Australian dollars are instantly converted and the cryptos are deposited into your Coinstash wallet.
Coinstash is integrated with 6 blockchains including Ethereum, BNB Chain, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks.
Pros
- 1,000+ cryptos available
- DeFi Connector &ndash
- purchase on-chain cryptos with AUD
- Advanced order types and charting tools
- Offers thematic bundles of cryptos for simplified investing
- Secured by Fireblocks
Cons
- No USD or stablecoin spot market
- No NFT marketplace
- No staking
| Deposit Methods | Bank transfer,Cryptocurrency,Osko,PayID |
|---|---|
| Deposit Fees | PayID: None Osko: None |
| Withdrawal Fees | Cryptocurrency: Fees vary AUD: None |
| Trading Fees | 0.13 – 0.85% |
3. Coinbase Australia
Coinbase Australia
★★★★★
Finder Score
Finder Score
258
Supported cryptos
Supported cryptos
4
Fiat currencies
Fiat currencies
Launched in 2012, Coinbase is one of the longest-running and most reputable global crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs.
It offers more features than CoinSpot but only half as many coins. Notable features include its advanced spot market, earning and staking options, NFT marketplace and the Coinbase wallet.
Coinbase has deep liquidity and is frequently listed in the top 5 exchanges by trade volume, globally.
Coinbase also has 24/7 customer support and a robust security system, protecting users' funds and personal information.
Pros
- Simple sign-up process
- Beginner or advanced trading options
- Incentivised learn-to-earn feature
- Includes trade, earn and NFT platforms
- Hundreds of markets and several trading pairs, including USDC, BTC and ETH
Cons
- Less cryptocurrencies than CoinSpot
- Borrowing and lending are not available in Australia
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | AUD: None using bank transfer or PayID Cryptocurrency: None |
| Withdrawal Fees | AUD: None Cryptocurrency: Fees vary |
| Trading Fees | Maker fee: 0.00 – 0.40% Taker fee: 0.05 – 0.60% |
4. Kraken
Kraken
★★★★★
Finder Score
Finder Score
295
Supported cryptos
Supported cryptos
7
Fiat currencies
Fiat currencies
AUSTRAC-registered
With over 185 trading pairs, Kraken is widely regarded as one of the best exchanges for professional trading. The platform features a full-featured trading interface, an NFT marketplace and an education hub.
Kraken regularly exceeds a daily trading volume of US$500 million and is renowned for its deep liquidity across high market cap trading pairs. Traders utilising Kraken Pro can take advantage of various order types such as stop-loss, market and limit orders with inbuilt TradingView charts.
Kraken offers only half as many cryptocurrencies as CoinSpot, but has more advanced trading features and better liquidity.
Trading fees work on a volume system, meaning users trading in high volumes are rewarded with fee discounts, which go as low as zero for maker orders and 0.1% for taker orders.
Pros
- Advanced order types
- Customisable charting features
- Wide range of fiat currencies and forex trading
- Founded in 2011, one of the longest-running crypto exchanges
- Over 185 USD trading pairs
Cons
- Fewer assets than CoinSpot
- Fined $30 million by the SEC in February 2023
- No NFT marketplace
| Deposit Methods | Credit card,Cryptocurrency,Debit card,PayPal,PayID |
|---|---|
| Deposit Fees | Bank transfer, PayID or OSKO: None Cryptocurrency: Fees vary Credit and debit card: Fees vary |
| Withdrawal Fees | Bank transfer/OSKO: None ($5 minimum withdrawal) SWIFT: $55 ($150 minimum withdrawal) Cryptocurrency: Network fees apply |
| Trading Fees | Maker: 0.20 – 0.25% Taker: 0.35 – 0.40% |
5. Cointree
Cointree
★★★★★
Finder Score
Finder Score
225
Supported cryptos
Supported cryptos
1
Fiat currency
Fiat currency
AUSTRAC-registered
Get $20 BTC when you make your first trade. T&Cs apply.
Cointree offers a simple interface which is easy to navigate and well suited to beginners. The exchange is located in Australia with local customer support. In this regard it is very similar to CoinSpot.
It supports over 280 assets compared to 390+ on CoinSpot.
Some of its useful features include the ability to make recurring purchases, swap coins instantly and copy other investors' portfolios. Swaps let you swap coins for any other without needing to go back into AUD each time, helping you save you money on fees.
Cointree charges a flat 0.9% fee for every trade, which reduces if you trade over $10,000 AUD per month. There is no spot market though, which means it does not support limit orders, so you are only able to buy and sell cryptocurrencies at the current market price.
You can deposit AUD for free using PayID or bank transfer. You can also deposit cash at participating convenience stores around Australia.
Pros
- 280+ cryptocurrencies available
- Integration with SMSF experts
- 7-day customer support
Cons
- Comparatively high spot market fees
- No debit or credit card purchases
- No earn features
| Deposit Methods | Bank transfer,Blueshyft,Cryptocurrency,PayID |
|---|---|
| Deposit Fees | Fiat: None PayID/Bank transfer: None Cryptocurrency: None |
| Withdrawal Fees | Fiat: None Cryptocurrency: Fees vary |
| Trading Fees | 0.5 – 0.75% |
Using an Australia-based exchange
Australia has several well-known cryptocurrency exchanges that allow purchases of a wide range of cryptocurrencies with Australian dollars, including CoinSpot, Swyftx and Coinstash.These exchanges are relatively straightforward to use and aimed at beginners.
Pros:
- Local exchanges headquartered in Australia
- Allow users to buy directly in AUD
- Low and no fee deposits and withdrawals
- User-friendly interfaces
- Wide selection of cryptocurrencies
- Registered with AUSTRAC and compliant with AML/CTF laws
Cons
- Less advanced trading features
- Fees may vary, so it's important to check before you trade to see how much you're paying
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Where else to get CoinSpot features?
CoinSpot is known for a useful range of features for Australian customers, including the following:
- Accepting AUD bank transfers
- Offering a wide range of cryptocurrencies
You can buy almost any cryptocurrency you want, pay with AUD and have the transaction sorted out fast. You may want to look for another service that lets you do the following:
- Buy cryptocurrency with AUD
- Get the same wide range of cryptocurrencies
- Carry out fast transactions and get coins stored on an integrated wallet
However, you should remember that verification will typically be required if you’re new to a service. This could take a while and by the time you’re satisfactorily verified, CoinSpot might have already started accepting AUD deposits again.
Where else to buy cryptocurrency with AUD
This lets you save on international transfer fees and can present a very cost-effective option for Australian customers.
You can pay with AUD cash at these exchanges, or can buy cryptocurrency with AUD in a PayPal account.
Where else to get the same wide range of cryptocurrencies?
In Australia, exchanges such as Binance, Swyftx, Cointree, KuCoin and Kraken all offer a similar range of cryptocurrencies as well as accepting AUD deposits.
Alternatively, you could search for exchanges that have what you want on a coin-by-coin basis.
How do I get the same fast transactions and storage on an integrated wallet?
Many exchanges will offer an integrated account to hold your cryptocurrency, although transaction speed can vary from currency to currency and at different times for different exchanges.
You can search for and review a list of other exchanges here.
Frequently Asked Questions
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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